Word: paulo
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...pension system, simplifying Brazil's baroque tax code and combatting massive tax evasion could help Lula drop interest rates and free up at least $5 billion - more than half of Brazil's entire education budget - for projects like Zero Hunger. "This government's macroeconomic approach has been impeccable," says Paulo Leme, head of emerging market analysis at Goldman Sachs in New York, noting wryly that the PT used to oppose pension reform. "They understand now that what causes poverty in Brazil is the excessive size of the state." Will Brazil's Congress understand that too? Lula's bond with...
...went to China, where she managed ventures for Italian telecoms in the 1980s and '90s, an experience that honed her negotiating skills. Says Cico: "My parents taught me that if you have integrity, you should never be afraid to speak up." --By Tim Padgett. With reporting by Sol Biderman/Sao Paulo...
...disbelief, if not laughter. Japan Inc., inefficient? Companies like Sony, Toshiba and Toyota have made the country famous as the place where they always make things better, cheaper, smarter. Production techniques invented here?Just In Time Manufacturing, Total Quality Management, Continuous Improvement?have been imitated from Seoul to S?o Paulo. Certainly, Japan's leading export manufacturers deserve this reputation. According to that report by McKinsey, Japanese export industries like automobiles, electronics and computer hardware are, indeed, 20% more productive than the worldwide benchmark. But here's the problem: these industries, once you stop to count them, are quite...
...fact, now governs five of Brazil's states, as well as its largest city, S?o Paulo, which is Lula's home base - where the federal government's industrial privatization project has sent propane gas prices soaring, leaving many urban families cooking with wood. But can Lula manage Latin America's largest economy (and the world's ninth largest)? Though Wall Street's favorite sport right now is demonizing Lula - and his platform is, indeed, full of expensive, perhaps fiscally risky social programs - he insists that he's not out to wipe away the free-market reforms and fiscal discipline that...
...with reporting by Sol Biderman/S?o Paulo...